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AUDUSD Potential ShortAUDUSD retesting on the 0.71000 psychological before indicating further movement downwards.
Resistance at the 0.382% daily fibonacci retracement level.
Trading below the 50, 200 & EMAs.
Ideal entry would be at 0.71000 psychological level .
Swing trades targeting for the 0.70000 psychological level with potential intraday trades targeting the 0.70700 & 0.70600 levels respectively.
GBPUSD Potential ShortGBPUSD trading in a downtrend on the 4hr timeframe, suggesting further bearish movement for the short-term.
Resistance at 0.382% daily fibonacci retracement level.
Trading below the EMA 200 & 800 on the daily timeframe.
Ideal entry would be at 1.29300 technical resistance level.
If the 1.29000 psychological level is broken this could suggest further bearish movement towards the 1.28700 support level.
EURUSD Potential LongPotentially retesting on weekly trend-line suggesting bullish movement.
RSI oversold on the 4hr timeframe.
Ideal entry would be at 1.13200 technical support level.
Swing trades targeting for the 1.14000 psychological level with potential intraday trades targeting the 1.13650 level.
USDJPY Potential LongPotentially retesting on monthly trend-line suggesting bullish movement.
Ideal entry would be between 109.150 technical support level and 109.000 psychological level.
Swing trades targeting for the 110.000 psychological level with potential intraday trades targeting the 109.400 and 109.520 levels respectively.
EURUSD Potential LongRetesting on weekly trend-line suggesting bullish movement.
RSI is close to oversold.
Ideal entry would be around 1.13650 technical support level.
Targeting for the 1.14000 psychological level, if the psychological level is broken that could suggest further movement upwards with possible swings targeting the 1.15000 psychological level.
AUDUSD Potential Short4hr support has been broken giving way to further downward movement.
RSI is oversold.
Ideal entry would be around 0.72000 psychological level.
Targeting for the 0.71800 61.8% fibonacci retracement level and the 0.71750 daily low (technical support) ahead of 0.7090 (20-DMA) with potential swing being the 0.70000 psychological level.
EURUSD Potential Short4hr support has been broken giving way to further downward movement.
Ideal entry would be around 1.14800 - 1.15000 support & resistance/psychological level, retesting the 4hr trend line .
Targeting for the 1.14500 50% fibonacci retracement level, with potential swing being the 1.14000 psychological level.
USDJPY Potential ShortOverall movement is bearish.
Monthly trend line has been broken giving way to further downward movement.
Ideal entry would be around 109.000 psychological level, retesting the monthly trend line.
Targeting for the 108.500 support & resistance level, with potential swing being the 108.000 psychological level and potentially the 107.400 support & resistance level.
EURUSD Potential Short The weekly trend line has been broken, indicating a short before retesting on the trend line and going for a long.
Ideal entry would be around 1.15000 psychological level.
Targeting for the 1.14600 Support & Resistance level, with potential swing being the 1.14000 psychological level.